These growth stocks could continue producing robust returns.The stock market has surged to new highs this year. A combination of falling interest rates, optimism about the economy, and clarity following the election have put a charge in most stocks.Many stocks still appear to have plenty of room to run even higher. Cameco (CCJ -1.94%), Brookfield Renewable (BEPC 1.03%) (BEP 0.80%), and Brookfield Infrastructure (BIPC 0.47%) (BIP 0.23%) stand out to a few Fool.com contributors for their upside potential even ...

B https://files.reportify.cc/media/production/BEPC39061966eb028ebcf8272d12cf52b526.gif BROOKFIELD RENEWABLE CORPORATION CONSOLIDATED STATEMENTS OF FINANCIAL POSITION | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------------------------------------|-------|-------|------------------------|-----------------------| | UNAUDITED (MILLIONS) | Notes | | September 30, 2024 | December 31, 2023 | | Assets | | | | | | Current assets | | | | | | C ...

Financial Data and Key Metrics - Record funds from operations (FFO) for Q3 2024, driven by asset development, recent acquisitions, and strong pricing [6] - FFO per unit growth target of 10%+ for 2024 remains on track [6] - Generated $278 million in FFO for Q3 2024, up 11% YoY, with $0.42 per unit [30] - $4.6 billion of available liquidity at the end of Q3 2024 [33] - $30 billion in financing expected for 2024, generating $700 million in up-financing [34] Business Line Performance - Hydroelectric segment benefited from solid generation and strong demand, with two new contracts signed at an average price of $90/MWh for 15 years [31] - Wind, solar, distributed energy, and sustainable solutions segments delivered record results, supported by acquisitions and development activities [32] - Nuclear services business, Westinghouse, continued to perform well [32] Market Performance - Diversified across top 10 global data center markets, with 90% of the 200,000 MW renewable power project pipeline located in these markets [11] - Strong demand for clean power driven by corporate off-takers, particularly in data centers and AI development [7][8] - Offshore wind investment with Ørsted, acquiring a 12% interest in a 3,500 MW portfolio in the UK for $2.3 billion [18] Strategic Direction and Industry Competition - Focus on low-cost, mature technologies to meet accelerating electricity demand from digitalization and electrification [6] - Positioned to benefit from increasing demand for clean power, particularly from large tech companies [7][8] - Insulated from regulatory or subsidy changes due to focus on corporate demand and low-cost energy production [9] - Offshore wind seen as a mature, fast-growing technology with attractive risk-adjusted returns [17][44] Management Commentary on Operating Environment and Future Outlook - Increasing demand for clean power driven by corporate off-takers and data center growth [7][8] - Market bifurcation: high-quality, de-risked assets see strong bids, while development assets face capital scarcity [14] - Positive outlook for asset recycling and capital deployment, with $2.3 billion generated from asset monetizations year-to-date [12][21] - Expectation of continued growth in the US, driven by fiscal support and increasing power demand [39][40] Other Important Information - Partnership with Ørsted marks the first direct investment in offshore wind, with a 12% interest in a 3,500 MW portfolio [18] - Sale of Saeta generated over 3x invested capital, with $730 million in proceeds [23] - Sale of First Hydro interest generated over 3.5x invested capital, with $350 million in proceeds [25] - Sale of 50% interest in Shepherds Flat wind portfolio generated almost 2x invested capital, with $415 million in proceeds [26] Q&A Session Summary Question: Impact of US election on growth and return profile [37] - The company expects bipartisan support for renewable energy policies, with potential fiscal support driving power demand [38][39] - The business is insulated from regulatory changes due to its focus on low-cost technologies and corporate demand [40][41] Question: Offshore wind growth aspirations [43] - The company is bullish on offshore wind, seeing it as a critical and fast-growing asset class with attractive opportunities [44] Question: Impact of tax policy changes on asset classes [47] - Onshore wind and solar are the lowest-cost electricity producers, allowing the company to pass through any subsidy changes via higher PPA prices [48][49] Question: Non-renewable power investments [51] - The company is selective in investing in new asset classes like nuclear, batteries, and biofuels, ensuring risk-adjusted returns are competitive with renewables [52][53] Question: Opportunities post-US election [55] - The company sees a robust investment pipeline, with potential for increased activity due to reduced access to capital for some market participants [56][57] Question: Hydro re-contracting and demand from tech companies [58] - Power demand is increasing, with a mix of direct, virtual PPAs, and utility contracts driving higher prices [59] Question: Bifurcation in valuation between mature and development assets [62] - Development margins are high, with returns of 13-17% for development assets and 8-11% for mature assets [64] Question: Price sensitivity in the US power market [65] - The market is constructive, with strong demand for dispatchable clean generation, particularly hydro [66][67] Question: Impact of US election on M&A and asset sales [69] - The company does not expect material impacts on asset sales, with potential for increased investment activity due to reduced capital access [70] Question: Additionality constraints for tech buyers [71] - Demand for power is strong, with varying views on additionality requirements, but overall demand impacts both new and existing assets [72] Question: Impact of US election on Westinghouse nuclear business [73] - The election outcome is seen as positive for Westinghouse, with potential growth in both existing fleet services and new reactor development [74][75] Question: ITC and safe harboring [77] - The company expects minimal impact from potential tax credit changes, with strong bipartisan support and a diversified business model [78][79] Question: Drivers of Q4 FFO growth [81] - Capital deployment, strong performance in key businesses, and asset recycling gains are expected to drive Q4 FFO growth [82][83]

Brookfield Renewable Corporation (BEPC) came out with a quarterly loss of $0.32 per share versus the Zacks Consensus Estimate of a loss of $0.28. This compares to loss of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -14.29%. A quarter ago, it was expected that this company would post a loss of $0.27 per share when it actually produced a loss of $0.28, delivering a surprise of -3.70%.Over the last four quarters, the co ...

These utilities can generate a lot of dividend income. Utility stocks have surged this year. As measured by the Utilities Select Sector SPDR ETF, the average utility has gained nearly 30%. Add in dividends, and the total return is well over 30%. As utility stock prices have risen, their dividend yields have declined. However, there are still some very attractive options out there if you know where to look. Black Hills (BKH -0.07%), Brookfield Infrastructure (BIPC 1.23%) (BIP 1.70%), and Brookfield Renewable ...

sutthirat sutthisumdang/iStock via Getty Images By Mike Larson Larson - Hello and welcome to our latest MoneyShow MoneyMasters Podcast segment. I'm Mike Larson, Editor-in-Chief at MoneyShow. And we're talking today as we're at a crossroads in the energy industry, trying to figure out how to transition from an oil- and gas-driven world to a clean energy future. Meanwhile, the utility sector is facing significant upheaval amid a surge in AI-driven power demand and an overtaxed electric grid. Helping to sort o ...

These dividend yields might not stay this high for long. A stock's dividend yield moves in the opposite direction of its stock price. If shares fall, the yield rises, while a rally would push its yield lower. Because of that, volatility can provide investors with opportunities to lock in higher yields on high-quality dividend stocks. Dominion Energy (D -0.02%), Chevron (CVX -0.04%), and Brookfield Renewable (BEPC -1.48%) (BEP -2.54%) currently stand out to these Motley Fool contributors for their current hi ...

| --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------|-------|-------------------------------------------|-------|-------|-----------------------------------------|-------| | UNAUDITED \n(MILLIONS) | | For the three months ended June 30 \n2024 | 2023 | | For the six months ended June 30 \n2024 | 2023 | | Net income | $ | (88) $ | 151 | $ | (158) $ | 328 | | Add back or deduct the following: | | | | | | | | Depreciation | | 517 | 458 | ...

One element that has many on the left worried is Trump's vow to reverse President Joe Biden's green energy initiatives. Primarily, this stated directive will target electric vehicles. Instead, under a second Trump administration, combustion-powered vehicles may dominate the streets. Presumably, other green projects – such as the deployment of wind turbines (which the former president doesn't like) – may get the axe. Brookfield Renewable (BEPC) Financially, Brookfield isn't the most consistently profitable e ...

Interest rates have been riding high for the past two years. While that's not great for borrowers, it's an excellent opportunity for those seeking higher-yielding investments. Low-risk fixed-income options, like government bonds and bank certificates of deposit (CDs), currently yield between 4% and 5%. That can provide investors with nice income streams. Meanwhile, unlike bonds and bank CDs, many of those payouts should rise in the coming years. That sets their investors up to earn a potential lifetime of i ...